[quote=AN]This is what the listing said: “Luxurious Point Loma home with extensive remodel the last three years…”. Last I checked, 3 years ago was 2008, which would mean the buyer who bought in 2007 did the remodeling, not the buyer who bought in 2003.
Where do you get the $100k+ from? Got data to back that up? I have to call BS on $100k+ in materials. I have first hand experience in buying materials of those quality for a house that’s bigger and have one extra bathroom and I can tell you it’s FAR from $100k+ in materials, unless they overpaid for everything.
Did this street got 20% better between 2003 and 2011?[/quote]
First of all, AN, if you are actually “buying materials of those quality” (for a house in MM??), then you are grossly overspending for that area.
Yes, this (house) “got 20% better between 2003 and 2011” BECAUSE of the “remodel,” WHICHEVER owner did all or most of it.
Luxurious Point Loma home with extensive remodel the last three years embodying Spanish Old World Charm with Modern Conveniences including large arched picture windows, leaded stained glass window and cozy living room fireplace. Hardwood floors throughout, lath n plaster walls with rounded corners and elegant archways. Tasteful solid maple cabinets, slate kitchen floor/back splash-silestone counter , master bedroom/study and enchanting wrap-around balcony with mountain/:Pls see supplement on downtown/city/bay views. Inside you’ll find stainless steel Jenn-Air refrigerator with freezer, Fisher and Paykel double drawer dishwasher, GE Profile convection oven and microwave, GE Monogram oven/gas cook top, oil rubbed bronze fixture in bath, granite bath counter, Thomasville raised panel cabinets, with remodeled bathrooms including marble double sink vanity upstairs, restoration hardware, granite tile floor, and much more. This captivating enchanting home has timeless charm and yet vintage period nuances.
I haven’t been in the property but at “first glance” I can see (by photo no):
1: New mud wall texture, rounded corners, baseboards $5K (mat’ls & labor for entire interior [may be understated to unk plaster repair])
2: New stucco, min 20×20 saltillo tile, vinyl windows, large corner smoke “low e” custom picture window, poss matching enclosed ground-floor patio, poss landscaping $17,500 + (mat’ls & labor [whole house ext stucco])
4: Poss small custom window replacement $1500
3: New sod, saltillo sidewalk, and wrought iron refurbishment in Nos. 1, 2, 3 and 20 (appears to be orig solid wrought iron of bldg date era – refurbished) $5K (ALL int/ext WI refurb)
10, 11, 12 and 13: New kitchen cabinets, slate countertop, backsplash, approx 8 x 22 travertine, dbl sink, faucet, dining lighting fixture ($39K mat’ls & labor)
10, 11 and 12: All new kitchen appls (bolded above). jp, since you are our “resident appliance lady,” why don’t you take a stab at this cost – I have no idea . . . lol.
14-15 and 19-20: light/ceiling fans $500 (installed)
17: new granite tub enclosure, tub, fixtures, towel ring, medicine cabinet, pedestal sink, toilet, vanity lighting, flooring $5K (mat’ls and labor for tub enclosure only – flooring not incl)
22. cabinets, shelving, flooring $1K (incl labor)
23, 24 and 25: Ext trim paint $500 (incl labor)
1, 16, 17, 22, 23 and 24: “restoration hardware” and fixtures – unknown cost (difficult and time-consuming to obtain correct items which may need refurbishing upon purchase)
Well, what do we have here as far as matl’s and partial labor (not incl kit appls)?
…(BG punching calculator…) $102,500 very conservative estimate
The $64M question here is, how much labor did the previous owners do themselves??
The lot is worth $500-$550K. Again I will say these recent buyers got a h@ll of a deal here!!
